Target Slides As Inflation Continues To Impact Sales, Guidance Disappoints

Key TakeawaysTarget shares slipped ahead of markets opening Wednesday after the retailer reported first-quarter results, with revenue meeting expectations but declining 3% year-over-year.Despite posting a slight earnings beat for the quarter, Target's second-quarter and full-year profit guidance ranges were mostly below estimates.The retailer launched a new version of its Target Circle membership program in the quarter, adding a paid tier to compete with Amazon Prime and Walmart+. Target (TGT) shares tumble ...